Millions of employees could see their retirement pushed back at least 12 months every two yearsafter George Osborne announced plans to link the pension age to rising longevity.
In a move intended to halt the trend for workers to spend a growing proportion of their lives in retirement, the Chancellor announced a mechanism to raise the state retirement age automatically in line with life expectancy. The pension age is already due to increase to 66 by 2020.
But with one in five people alive today expected to celebrate their 100th birthday, ministers have concluded that more radical steps are necessary.
Working until the ripe age of 80.... now that sounds fun!?!
But with one in five people alive today expected to celebrate their 100th birthday, ministers have concluded that more radical steps are necessary.
Working until the ripe age of 80.... now that sounds fun!?!
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